According to research from debt advisory and investments firm Excellion Capital, this represents growth of 173% during that time.

London was found to have the most mature BTR market.

The latest data, to Q4 of 2024, shows that London is home to 54,352 completed BTR homes.

This was 14.5% than those completed as at the end of 2023.

Other regions are also seeing increases in their BTR supply. Excellion Capital data shows that the number of completed regional BTR homes increased by +19.1%  over the same period of time, giving the nation an overall supply increase of +17.1%.

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Robert Sadler, vice president of real estate at Excellion Capital, said this data showed BTR is growing at an “astonishing pace”.

“London has been a useful proof of concept for both the demand for BTR homes and the returns available to investors, so now it’s spreading across the whole country, not least our secondary cities such as Manchester, Newcastle, and Birmingham,” said Robert.

“Investors should also be aware that some lenders are now showing greater enthusiasm for BTR over BTS. In fact, some of them are focussing purely and exclusively on BTR due to concerns about the exit from BTS developments.”